Magnetic Drive Pumps Market Analysis Report 2022 to 2028
Magnetic Drive Pumps Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 933.25 Million |
Market Size by 2028 | US$ 1,584.37 Million |
Global CAGR (2021 - 2028) | 7.9% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Flow Rate
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Recent Developments:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the magnetic drive pumps market. A few recent key market developments are listed below:
- In January 2021, Flowserve Corporation, a global leading provider of flow control products and services, launched an IoT service suite to enable remote monitoring of production facilities including pumps of all kind, predict equipment failures and avoid business disruptions.